The Daily LEO #279: Germany in Recession, China TV Broadcasted Crypto & The Future of LeoFinance
Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here Subscribe to the Daily LEO
Oil Holds Gains as US Stockpile Draw Counters Debt-Deal Tensions
Oil held a three-day gain after a big draw in US stockpiles and warning from Saudi Arabia aimed at short-sellers, with crude finding support even as tensions ticked higher over the US debt-ceiling impasse.
West Texas Intermediate traded above $74 a barrel after rallying by nearly 4% over the previous three days. US nationwide crude inventories plunged by more than 12 million barrels last week, the biggest drop...
Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand?
The legal tussle between Ripple Labs and U.S. Securities and Exchange Commission (SEC) is moving close to receiving a summary Judgment. In the latest development, which seems like a big blow for the defendants, one of their attorneys has filed to withdraw...
Germany falls into recession as consumers in Europe’s biggest economy spend less
Germany has slipped into recession as last year’s energy price shock takes its toll on consumer spending. Output in Europe’s largest economy dropped 0.3% in the first three months of the year, following a 0.5% contraction at ...
China Central Television Just Broadcasted Crypto, What Could this Mean?
China Central Television (CCTV), the national television broadcaster of the Asian giant just broadcasted crypto. The update was shared by Changpeng ‘CZ’ Zhao, the Chief Executive Officer of Binance crypto trading platform who noted that the TV station’s broadcast is “a big deal.” The highly vocal crypto leader pointed out that...
Japan to Enforce Legislation Allowing the Tracing of Crypto Transactions
The Cabinet of Japan, the executive power in Tokyo, has decided to enforce more stringent AML rules for cryptocurrency operations from June 1, the Kyodo News agency reported. The measures will bring the nation’s regulatory framework in line with international standards and allow the government to trace digital...
Binance Suspends Crypto Deposits As Multichain CEO Remains Missing
The world’s largest crypto exchange Binance on Thursday said it is temporarily suspending deposits for several bridged network tokens as clarifications from the Multichain team remain pending.
Meanwhile, multiple sources claim Multichain co-founder and CEO Zhao Jun is currently missing and is suspected of being investigated by the police. Fusion Foundation founder and co-founder Qian Dejun confirmed that...
The Journey to Web3: Behind the Scenes of Our Revolutionary UI Development and Monetization Features
Progressing from beta to full production is a meticulous process, hinging on valuable user feedback, bug detection, and continuous system improvements. We delve into our expansive list of 500-700 planned features, showcasing our commitment to creating a seamless and enriched user experience. Our ultimate goal?...
Join the Zealy Campaign NOW: Win Prizes and Help Us Reach Our User Goal!
Dive into this adventure by undertaking a straightforward set of quests. Here's the kicker - there's a whopping $10,000 worth of prizes up for grabs! This campaign zeroes in on the power of community, urging you to invite others to join in this rewarding journey. Think of it as a layered marketing approach akin to a referral program, yet entirely automated, making it a seamless experience for...
LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Subscribe to The Daily Leo and start being up to date with the crypto & finance world!
Posted Using LeoFinance Alpha
